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rjkz [21]
3 years ago
14

An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource. Da

ta concerning those products appear below:
LN JQ RQ
Selling price per unit $ 161.72 $ 350.32 $ 468.25
Variable cost per unit $ 118.94 $ 241.42 $ 342.92
Minutes on the constraint 2.30 6.60 8.30

Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized.
Business
1 answer:
tamaranim1 [39]3 years ago
6 0

Answer:

Product                              LN          JQ            RQ

Ranking                            1st        2nd        3rd

Explanation:

<em>Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource .</em>

<em>Jordision should rank rank its products using contribution per minute of constraint</em>

<em>Ths is done as follows:</em>

\Product                              LN          JQ            RQ

Selling price                       161.72    50.32     468.25

Variable cost                    <u>(118.94)   (241.42)   (342.92)</u>

Contribution (a)                        42.78      108.9    125.33

Minute        (b)                       <u>   2.30      6.60      8.30</u>

Contribution/minute($)a/b          18.6 16.5   15.1

Ranking                                       1st        2nd        3rd

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Grouper Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $160,600, and purchases for January thro
Katen [24]

Answer:

$165,670

Explanation:

Cost of goods sold = Sales revenue (1 - Gross profit)

                                = $669,900 × (1 - 0.30)

                                = $669,900 × 0.70

                                = $468,930

Estimated ending inventory destroyed in fire:

= Beginning inventory + Purchase - cost of goods sold

= $160,600 + $474,000 - $468,930

= $165,670

6 0
3 years ago
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Akimi4 [234]

Answer:

D

Explanation:

7 0
3 years ago
In 20X1, Modern Property Groups collected rent revenue for 20X2 tenant occupancy. For financial reporting, the rent is recorded
vekshin1

Answer:

Debit deferred tax asset for $12,000

Debit income tax expense for $18,000

Credit income tax payable for $30,000

Explanation:

The journal entries will look as follows:

<u>Date     Account Name and Description       Debit ($)      Credit ($)   </u>

20X1     Deferred tax asset (w.1)                        12,000

             Income tax expense (w.3)                    18,000

                Income tax payable (w.2)                                      30,000

<em><u>             (To record income taxes at the end of 20X1.)                             </u></em>

Workings:

w.1: Deferred tax asset = Deferred portion of the rent collected in 20X1 * Tax rate = $40,000 * 12% = $12,000

w.2: Income tax payable = Taxable income * Tax rate = $100,000 * 30% = $30,000

w.3: Income tax expense = Income tax payable - Deferred tax asset = $30,000 - $12,000 = $18,000

7 0
3 years ago
When putting together your personal budget, you find that your budget has a deficit. Which is the BEST way to balance your budge
ki77a [65]

Answer:

The correct answer is letter "C": Cut your expenses by an amount greater than your deficit.

Explanation:

In case there is a deficit in your budget, it means your expenses are higher than your net income. An adjustment must be made in such circumstances. To bring back the balance in your budget, <em>you should cut your expenses by an amount higher than the amount of the deficit</em>. Otherwise, you could increase your income but keeping your expenses at the same level.

3 0
3 years ago
The increase in total revenue that results from selling one more unit of output is A. marginal revenue. B. average revenue. C. m
egoroff_w [7]

Answer:

(i) Option (A) is correct.

(ii) Option (A) is correct.

Explanation:

(i) Marginal revenue refers to the change in total revenue obtained from the sale of an extra unit of a commodity. It is calculated by differentiating total revenue with respect to output. It is shown as:

Marginal\ revenue=\frac{dTR}{dq}

where,

TR = Total revenue

q = output

(ii) In a perfectly competitive market, price is equal to both average revenue and marginal revenue. Since, firms in a competitive market are not required to reduce the price of their product for selling more number of units. Hence, the average revenue remains the same at all the level of output. That's why average revenue in equal to the price under perfect market conditions.

Therefore, every additional unit of an output is sold at a same price, so the marginal revenue obtained from an extra unit is constant and hence, price is equal to the marginal revenue.

4 0
3 years ago
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